rental

Theres something so enticing about the idea of owning a vacation home. Its the vision of a special place that feels both familiar and an escape at the same time. It is a place to make memories. And a place your hard-earned dollars translate not only into luxury, but a return on investment. However, like all large purchases, a vacation home isnt something you should jump into without lots of thought and number-crunching. Here are five things you need to consider before making an offer on a vacation home: Practicality Okay, so being practical is probably the furthest thing…

As of early 2017, more than 150 million people have used Airbnb, the worlds most popular online marketplace for short-term lodging. Globally, that translates into more than 500,000 stays every night. Still, the market isnt saturated, especially in certain areas. If you want to become an Airbnb host, the platform – and its massive base of enthusiastic users – makes it easy. Still, there are some things to consider before making your property available to rent on Airbnb: Consider When, How and How Often You Want to Rent Depending on your personality, level of commitment and financial expectations, you can…

Whether youre a renter or an owner, vacation rentals can be a double-edged sword. Whereas the passive income generated by renting out a vacation property can be a welcome resource for owners, the costs of upkeep and risks associated with letting total strangers into your home can be prohibitive. Meanwhile, those looking to rent can typically get a lot more space per dollar than they would in a conventional hotel room – but how can they be certain theyll be getting what they paid for? For both sides, covering your bases is key. Whether youre renting a vacation property yourself or…